Average Dubai crude oil price rises in March to 5-month high

01 Apr, 2019

The monthly averages for March for Dubai and Oman as quoted by Platts are indicated in the table. Middle East producers set their monthly official selling prices (OSPs) based on these averages.

Saudi Aramco changed the benchmark for setting its official selling prices to Asia starting from October to the average ofPlatts Dubai and DME Oman crude futures.

The average reference price for March-loading Saudi crude OSPs to Asia is set at $66.957 a barrel, based partly on an average May DME Oman crude futures at $66.98.

Copyright Reuters, 2019

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